Andheri west-one of the most sought suburbs of Mumbai has become a premium real estate location due to recent developments. The area is home to numerous branded showrooms and restaurants. Due to its excellent social infrastructure and many residential homes, educational, business and commercial offices, the locality has grabbed the eye of the elite class. Hence the demand for larger homes is greater in Andheri West.
According to a real estate consultant, “In the new development plan, Andheri west has the highest number of layouts, exceeding 400, with large plots and recreational grounds. The area has the largest construction volume. Although it is not the largest ward in the city, it is the biggest, in terms of buildable area.”
Connectivity and infrastructure
Andheri west has a good connectivity with all the major parts of the Mumbai. Important roads include the Jogeshwari-Vikhroli Link Road (JVLR), Western Express Highway (WEH), SV Road and Andheri-Kurla Road.
The Western Line, as well as the Harbour Line of the Mumbai suburban railway network and two metro lines also connect this area to other parts of Mumbai.
Metro route from Ghatkopar to Versova also provides this area a good connectivity to the central suburbs of Mulund, Thane, Bhandup, Kurla, and Chembur.
Some other infrastructure developments like the Bandra-Worli Sea Link and the proposed Metro corridors between Colaba-Bandra-SEEPZ and Andheri-Dahisar will make it easier to reach this area in few hours.
Andheri west is also a hub of amenities, such as malls, theatres, renowned educational institutions, and hospitals. With high-class Retail, entertainment hubs and healthcare facilities, this area have become the first love of elite class who are looking for real estate investment.
Property trend
If you are looking to buy a residential unit in Andheri west, it will cost you around Rs 2.89 crores to Rs 3.60 crores on the other hand; rental property falls in the range of 18,000 and Rs 32,000 for one BHK and 40,000-72,000 for two BHK. According to real estate experts, “Due to the presence of strong infrastructure, commercial developments, excellent connectivity and social amenities, property prices in Andheri are always on an upward trend. Moreover, there is a very high latent demand for renting of residential, as well as commercial spaces, which give investors good capital and rental yields.”
Andheri wet is also home to many Bollywood celebrities and TV personalities. Although it has a mix of all types of properties the demand is mainly driven by upscale buyers.
So with posh localities, good connectivity and better future prospects, Andheri west all the reasons which offer you a high-quality life.